NOT LISTED FOR SALE
5 Beds
3 Baths
4,299 Sq Ft
7,841 Sq Ft Lot

Last Sold June 23, 2015

Last sale price $885,000 $206 Per Sq Ft

40 Days on Market

About This Home

As of June 2015

The Topaz Apartments consists of (3) Two Bedroom / One Bathroom & (1) Three Bedroom / Two Bathroom units. Patios and Balconies, Garages and Individual metered for gas and electric.

Last Agent to Sell the Property

Damien Breaux

Morgan Skenderian License #01460301 Listed on: 05/06/2015

Co-Listed By

Michael Sacks

Coldwell Banker Realty License #01945984

Last Buyer's Agent

Mark Drenner

Real Estate Establishment Inc. License #00753320

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • 4,299 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 4995
  • Assessor Parcel Number 33922109

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,307
  • Maintenance Expense $4,705
  • Other Expense $250
  • Trash Expense $2,211
  • Water Sewer Expense $2,210
  • New Taxes Expense $10,730
  • Gross Income $5,855
  • Net Operating Income $45,539

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2210.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 33922109
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 2211.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7841.00
  • Price Per Lot Square Foot: 112.87
  • Lot Size Acres: 0.1800

Multi Family

  • Gross Income: 5855.00
  • Gross Multiplier: 12.95
  • Gross Scheduled Income: 70260.00
  • Insurance Expense: 1307.00
  • Lot Size Area: 7841.0000 Square Feet
  • Maintenance Expense: 4705.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 45539.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 22613.00
  • Operating Expense Percent: 32.20
  • Other Expense: 250.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10730.00
  • Tax Lot: 11
  • Tax Tract Number: 4995

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2015 06/23/15 Sold $885,000 -2.7% $206 / Sq Ft
06/15/2015 06/15/15 Pending -- -- --
05/06/2015 05/06/15 For Sale $910,000 -- $212 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,112 $1,063,631 $893,479 $170,152
2024 $12,112 $1,042,776 $875,960 $166,816
2023 $11,905 $1,022,330 $858,784 $163,546
2022 $11,808 $1,002,285 $841,945 $160,340
2021 $11,614 $982,633 $825,436 $157,197
2020 $11,640 $972,558 $816,972 $155,586
2019 $11,243 $953,489 $800,953 $152,536
2018 $11,108 $934,794 $785,248 $149,546
2017 $10,930 $916,465 $769,851 $146,614
2016 $10,715 $898,496 $754,756 $143,740
2015 $6,054 $469,699 $319,011 $150,688
2014 -- $460,499 $312,762 $147,737
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15096897

California Regional Multiple Listing Service (CRMLS)

APN: 339-221-09